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why not get rid of the company's and lower taxes for everyone? >> we never give out cash measure on how and expensive. we just give conditional incentives temporary tax relief. >> you have to do it to compete. to give up politician a checkbook is dangerous do anything new want to bring jobs to the state. they could be gone when the bill comes to do. you can win without doing that the seven think you governor daniels now rated number three and the most improved state not to maine court in new hampshire or north dakota. >> we are gaining on them. >> what about housing for amtrak or the post office? ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. john: did you go to the post office website? we do. since then franklin was appointed the first postmaster the post office has grown and changed with a
why not get rid of the company's and lower taxes for everyone? >> we never give out cash measure on how and expensive. we just give conditional incentives temporary tax relief. >> you have to do it to compete. to give up politician a checkbook is dangerous do anything new want to bring jobs to the state. they could be gone when the bill comes to do. you can win without doing that the seven think you governor daniels now rated number three and the most improved state not to maine...
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the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates better they got tired of talking about millionaires and billionaires. >> i am spectacular the perplexed by joseph biden. at least the is consistent. this is simply incorrect if the administration believes by raising taxes we can get ourselves into solvency, he is simply incorrect. mitt romney talking about the tax issues how to back out of this situation was awesome. >> i don't know if they believe this helps economically with us verses them redressing the wrongs for those who benefited the most until four years ago. >> we have seen this obama's touting the buffer role with the minimum tax for mi
the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates...
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lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this is great, but if government policies have their foot on the throats of the innovators and those who have the ability to create jobs it will take them somewhere e
lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing...
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its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a governor. john: already the honduran legislature passed the bill authorizing the general principles 126-1. they are behind it. >> incredibly popular. congress realizes the best hope for prosperity is to create a special development regions. model that the special development regions that have been so spectacularly successful in china which has cities scale special development regions. also dubai which had 110-acre region that had its own legal system that imported british common law "by international financial center which resulted in billions of dollars of capital flowing in and one of the greatest fin
its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a...
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i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your hea
i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it...
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would you give up the mortgage tax deduction for a lower tax rate? log on to gerriwillis.com, vote on the right hand side of the screen and all share the results of the end of tonight's show. coming up later, you will not want to miss this. joins us with his preview of tonight's debate and there will be a huge windfall for the government but a hit to your pocketbook. find out how much more un nearly every other american will be paying uncle sam if we drive over the fiscal cliff in january. nearly 1 billion people around the world don't have enough food to survive. we can't let this happen. there is something we can do about it. please join christina aguilera and yum! brands in the movement to fight world hunger by supporting the united nations world food programme. for more information, go to fromhungertohope.com. your contribution will feed children and save lives. together, we can stop the dying and start the living. and together, we can move people from hunger to hope. and together, we can move people why they're always there to talk. i love you,
would you give up the mortgage tax deduction for a lower tax rate? log on to gerriwillis.com, vote on the right hand side of the screen and all share the results of the end of tonight's show. coming up later, you will not want to miss this. joins us with his preview of tonight's debate and there will be a huge windfall for the government but a hit to your pocketbook. find out how much more un nearly every other american will be paying uncle sam if we drive over the fiscal cliff in january....
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they want people to say to them, here is my specifics as to how it will help you and help tax reform is going to help you. here's how health care reform the mitt romney will help you specifically as a woman. a lot of these economic reformss o have very unique benefits fos n because of the role that they play in the economy. gerri: women, men, and family and all of the above. we appreciate your time, kimberly. come back again soon. well, a victory in pennsylvania for democrats. a judge has blocked the state new election day. democrats said the requirement was an attempt to defeat president obama and republicans claimed it was to prevent voter fraud. meanwhile, an all-important state of ohio, early voting kicked off today. people able to vote by mail or in person without having to give a reason. if you are fired up about this or any other issues, drop me an e-mail at gerri@foxbussiness.com. >> coming up on "the willis report", the economy at a crossroads with the fiscal cliff looming. but it delayed a housing crisis as well? our panelists duke it out next. and high frequency trading. w
they want people to say to them, here is my specifics as to how it will help you and help tax reform is going to help you. here's how health care reform the mitt romney will help you specifically as a woman. a lot of these economic reformss o have very unique benefits fos n because of the role that they play in the economy. gerri: women, men, and family and all of the above. we appreciate your time, kimberly. come back again soon. well, a victory in pennsylvania for democrats. a judge has...
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i look at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that talks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't want to discuss those things in an election year. gerri: and also, it begs the question, are you taking power out of the hands of the doctors and hospitals to back to busty making these decisions about care. >> i don't think so. a lot of things occur in the admission process, and smart hospitals, good hospitals are getting on top of this. for instance, in our community we have hospital in plano, texas. texas health resources. there is a group of really hard-core nurses and anybody who is a physician knows when talking about. you don't mess with these ladies. they have taken the bull by the horns and tr
i look at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that talks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't...
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melissa: taxes on everybody. looking on the screen. every single tax bracket there. >> i know. aside from income tax he also proposing rolling back the dividend income tax, carried interest deduction. capital gains. all these things that predominantly wealthier americans benefit from. so you end up having to saddle, and so when you, when mitt romney talks about closing loopholes we need which loopholes those are. president's one good zinger, mitt romney you're talk about all these different things. when will you give us deductions you will close. what loopholes? are they too good you're keeping them secret because they're too good for us to hear. melissa: i'm glad you found something you liked about the debate. thanks for coming on. we appreciate it. >> thanks, melissa, i appreciate it. melissa: hear is the question of the day, what was your favorite moment from last night's debate. facebook.com/melissafrancisfox. follow me on twitter at melissaafrancis. gas stations in the los angeles area are shutting down over supply shortages. will the pumps near you be next? >> u.s. sancti
melissa: taxes on everybody. looking on the screen. every single tax bracket there. >> i know. aside from income tax he also proposing rolling back the dividend income tax, carried interest deduction. capital gains. all these things that predominantly wealthier americans benefit from. so you end up having to saddle, and so when you, when mitt romney talks about closing loopholes we need which loopholes those are. president's one good zinger, mitt romney you're talk about all these...
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a tax reform only happens if romney wins. mlp's are at greater risk if you have an all republican washington. the one thing that the republicans on the right care about is lower rates and a broader base. >> thank you for your time. up next a food stock that has been serving up products. what new projects the company has cooking. >>> we have gotten a story you can sink your teeth into. i didn't write that. well, you know, it is already out there. the company has reports 7 straight upside earning surprises. joining us is the ceo. i understand that you are about to report your earnings shortly. so you are in a quiet period. what can you tell us. >> business is good. consumption numbers are up double digit. eating healthy and i've said it on the show before is not a fad or a trend. we have prop coming up. 98% of hain's products are free. we introduced a how much or bpo food. you squirt it off into the bowl for kids. there is so much out there today. i just saw numbers where more an more consumers are eating at home. business is s
a tax reform only happens if romney wins. mlp's are at greater risk if you have an all republican washington. the one thing that the republicans on the right care about is lower rates and a broader base. >> thank you for your time. up next a food stock that has been serving up products. what new projects the company has cooking. >>> we have gotten a story you can sink your teeth into. i didn't write that. well, you know, it is already out there. the company has reports 7 straight...
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pay $27 million in taxes. a chevron spokesman tells ktvu the company is in mediation over assessments going back to 2004 and is hopeful for a fair settlement. >>> the city council is meeting tonight that are outsourcing police service. the council expects to hear from both reporters and critics and it seems the meeting could be moot. the proposal is in response to a $9 million deficit and comes with contract know,s with the police department. the city's primary argument is outsourcing police duties to the sheriff's department but we've learn it had sheriff decided not to submit the bid. >>> in recent days, it was peanut products. now it's smoked salmon that is the rauls. kirk land brand smoked salmon sold at costco. it sickened at least a hundred people in the u.s.. the cdc says it's seen a rise of salmonella combination cases listing 13 different outbreaks just this year. public health say it boosts the effects of industrialized food production. >> contaminants anywhere in the line of production gets amplify
pay $27 million in taxes. a chevron spokesman tells ktvu the company is in mediation over assessments going back to 2004 and is hopeful for a fair settlement. >>> the city council is meeting tonight that are outsourcing police service. the council expects to hear from both reporters and critics and it seems the meeting could be moot. the proposal is in response to a $9 million deficit and comes with contract know,s with the police department. the city's primary argument is outsourcing...
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embrace the cut, gone on the offense of the tax cut if i was mitt romney. at one point after mitt romney said, look, mr. president, what you say is not true. it's not the case that it will necessarily result in a tax hike for the middle class. he said it three times, and the last time, president obama said, okay, because there's a new -- there's a column written by by colleague at the weekly standard who interview the the director who came up with the original study that found that was going to result in a middle class tax hike and said, in fact, no, it doesn't mean there's a mitt l class tax hike, a significant reversal suggesting the obama camp is not on solid ground making the claim. gerri: one possible explanation. bob woodward said, wow, you know what might have happened? the president got bad foreign affairs information before the debate. doug, are you buying that? >> not at all. presidents compartmentalize, the correspondent's dinner, the president told joke and the next day, a successful raid on bin laden. gerri: no excuses? >> no excuses. gerri: th
embrace the cut, gone on the offense of the tax cut if i was mitt romney. at one point after mitt romney said, look, mr. president, what you say is not true. it's not the case that it will necessarily result in a tax hike for the middle class. he said it three times, and the last time, president obama said, okay, because there's a new -- there's a column written by by colleague at the weekly standard who interview the the director who came up with the original study that found that was going to...
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this ignores the property taxes, forgave annually for business taxes. it's more than just $150 million; right? >> oh, absolutely. that gets to the heart of the problem with government subsidies is that these companies, once dependent on the federal government and the taxpayers' dollar, they stay dependent on the government's dollar. that's why we see programs like the ethanol policy continually dependent on the government since 1978 and once they get stuck on this government dependence, it's hard to wean them off because they really don't understand their true cost point, and they don't have that true incentive to be competitive. gerri: they exploit the money, go after it, they know how to do it. nick, congressman, thank you for coming on tonight ill line illug this program. i hope you both come back, thank you. >> thank you. >> thank you. gerri: all right. many employers cutting back, restaurantings seeing the strongest year in a decade, by the hiring boom comes from a caveat. they are part-time jobs. our guest yesterday told us why that is obamacare.
this ignores the property taxes, forgave annually for business taxes. it's more than just $150 million; right? >> oh, absolutely. that gets to the heart of the problem with government subsidies is that these companies, once dependent on the federal government and the taxpayers' dollar, they stay dependent on the government's dollar. that's why we see programs like the ethanol policy continually dependent on the government since 1978 and once they get stuck on this government dependence,...
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david: president obama almost certain to characterize mitt romney's tax plans tonight as tax cuts for the rich, or awe kise him of advocating trickle-down economics as he has done before but is that a fair characterization. where did it come from? famed economist thomas sowell has been looking into all this. he wrote an essay, trickle down theory and tax cuts for the rich published by hoover institution press and professor sowell joins us now. professor, always an honor to have you here. thanks for coming in. >> thanks for having me. david: so has any republican actually ever advocated something called trickle-down economics? >> neither a republican nor a democrat, nor member of any other group, nor any human being that i know of ever advocated that. david: so where does it come from? >> it comes from people who are opposed to tax cuts and who say that the people who want the tax cuts just want to give more money to the rich and in hopes their prosperity will trickle down. no one has ever said that. years ago in my column i challenged anyone to name any human being who had ever said i
david: president obama almost certain to characterize mitt romney's tax plans tonight as tax cuts for the rich, or awe kise him of advocating trickle-down economics as he has done before but is that a fair characterization. where did it come from? famed economist thomas sowell has been looking into all this. he wrote an essay, trickle down theory and tax cuts for the rich published by hoover institution press and professor sowell joins us now. professor, always an honor to have you here. thanks...
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to know -- look that is a result of lowering taxes and put aside two other sets of tax expenditures they ruled out of bounds. but the analysis has been atrocious this specificity that he has to be specific for he was elected 2008 with 9 million votes and they did not say one word. >> he does not give you a lecture over the long term he does give impression of being the guy who could have the discussion if you wanted and is in command of the numbers it will be hard to go after him on that. lou: i will wager nobody will outwalk governor romney on the issue of taxes or obamacare. >> it might be out demagogue him. >> poll after poll has shown literally 40% they don't know enough about the specifics of romney's plan. they don't believe that they know him just about 30% decide they were favorably decide they were favorably impressed. seems they haven't been moving much lately. but things are starting to turn around because of business people like you. and regions is here to help. with the experience and service to keep things rolling. from business loans to cash management, we want to be
to know -- look that is a result of lowering taxes and put aside two other sets of tax expenditures they ruled out of bounds. but the analysis has been atrocious this specificity that he has to be specific for he was elected 2008 with 9 million votes and they did not say one word. >> he does not give you a lecture over the long term he does give impression of being the guy who could have the discussion if you wanted and is in command of the numbers it will be hard to go after him on that....
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reduce tax and regulatory burden. melissa: you have a very specific list. i want to make sure we hit on the points because there is a specific at that today list. one get the government out of the subsidies by. explain at that to me and how big of an impact would that make? >>uge impact. this is seat of the pants estimate between the tax subsidies and direct grants and subsidies we make to schemes like soldra, totally that is about one-third of federal spending right there. that is not only money that being wasted, it is diverting capital from its highest and best use, to the whims of politicians. melissa: yeah. >> when you divert investment decisions from investors that make those decisions based upon the best economic return for the dollar and give those decisions instead to politicians, they make those decisions based on the highest political return for th dollar. that's a very different thing. melissa: your number two on the list i like very much. it is enact losers pay. basically lawyers have a huge influence on the political system. and we're seeing t
reduce tax and regulatory burden. melissa: you have a very specific list. i want to make sure we hit on the points because there is a specific at that today list. one get the government out of the subsidies by. explain at that to me and how big of an impact would that make? >>uge impact. this is seat of the pants estimate between the tax subsidies and direct grants and subsidies we make to schemes like soldra, totally that is about one-third of federal spending right there. that is not...
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i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an american ambassador and three others dead, likely at the hands of terrorists. it is to the rest of conflict is higher now than when the president took office. gerri: does he have that right? >> i think he absolutely does. i have been waiting 25 years for the speech. romney david. he was channeling reagan, harkening back to the notion that america uses our economic power to influence events in the world. use our economic power as a weapon. shutting down their economy. using the american military, not to use it, but to have it there to prevent it have to be used f
i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an...
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if we may hear, let's start with taxes. can we do that. profess seat to the professor harvey rosen after all of this nonsense, this smear campaign that is going on, this attack on governor romney that has become the default campaign of the obama folks, he had to come out and save, the president is represented me in the debate. he has misrepresented my views on the run the tax plan, which -- is entirely possible. >> it is crazy. if you read the rose and paper it is basically an explanation of how romney plan we will work without a middle-class tax increase or blowing up the deficit. it is basically explaining, knocking down all of the obama arguments, yet the obama campaign tried to use and as a source for their claims costs. lou: they did. and this business, it is a full of assault. robert gives u.s. not been able to find a job with anyone except obama is out holding forth on who has the greater integrity. and, you know, we are not so pitiful it would be laughable, but this is a nasty, vicious campaign that i said at the broadcast. it was
if we may hear, let's start with taxes. can we do that. profess seat to the professor harvey rosen after all of this nonsense, this smear campaign that is going on, this attack on governor romney that has become the default campaign of the obama folks, he had to come out and save, the president is represented me in the debate. he has misrepresented my views on the run the tax plan, which -- is entirely possible. >> it is crazy. if you read the rose and paper it is basically an explanation...
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taxed more. obama said they're more like donald trump and they should pay more. >> i'm not going to reduce the share of taxes paid by high-income people. high-income people are doing just fine in this economy. they'll do fine whether you are president or i am. >> after the trash talk on donald trump, obama attacked -- >> they're all a bunch of millionaires and billionaires who are small businesses. donned trumps is a small business. i know donald trump doesn't like to think of himself as small anything, but that's how you define small business, if you are getting business income. >> that's the right sound bite. after that sound bite, obama then attacked jet owners saying if you have a private jet you should be taxed more. even romney, he's pretty wealthy himself, he refused to come to the support of the wealthy. skip that sound bite i guess. of course, no one should feel sorry for the rich. let's save our tears for poor big bird. but the debate showed both sides are really trying to distance them
taxed more. obama said they're more like donald trump and they should pay more. >> i'm not going to reduce the share of taxes paid by high-income people. high-income people are doing just fine in this economy. they'll do fine whether you are president or i am. >> after the trash talk on donald trump, obama attacked -- >> they're all a bunch of millionaires and billionaires who are small businesses. donned trumps is a small business. i know donald trump doesn't like to think of...
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tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map of where the tresh is, now you get this opinion letters from lawyer, if you follow one every one of these steps, you can get your treasure untaxed to the cayman islands. one of the things the times points out because of the way these were set up and the fees they were charged against them, the less taxes paid by those who were investing, the greater the sum available and therefore the higher the fees that romney collected. >> karen finney, romney, you get the sense the romney campaign expected that the tax return story was a story
tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map...
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his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but when he closes deductions he won't be anywhere near $5 trillion. that's our analysis. >> well with, okay, stipulated, it won't be near $5 trillion, but it's also not going to be the sum of $5 trillion in the loopholes that he's going to close. it is going to cost someone and it's going to cost the middle class. independent economists have taken a look at this. there aren't enough deductions for those at the top to account for the number of tax cuts that they get because of mitt romney's policies. you have to raise taxes on the middle class, as bill clinton says, it's simple math. >> they'll say, though, that you can do that.
his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but...
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i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way, though, is that romney has said that he would actually pay for this reduced revenue is by capping itemized deductions, but still so few specifics. i mean, he floated the idea of capping deductions at 17,000 and then floated the idea of capping them at 25,000 or 50,000. don't voters deserve to know and need to know what it is going to be at this point? >> i think he's going to have to give more specifics, certainly. a debate may not be the best platform to give specifics because the answers are supposed to be short and, frankly, randi, he was able to get away with not giving many
i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way,...
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the third voice, hey, let's eliminate income tax, corporate tax. let's abolish the irs. let's replace all of that with a one federal consumption tax. i am embracing the fair tax, which think is really the answer to american jobs, in a 0 corporate tax rate environment. i say the private sector creates tens of millions of jobs. melissa: we know what you would bring to the table. can you handicap for us what you think the other two guys are going to do tomorrow night? who has got the strength? who has got the weakness? how will it come out? >> let me offer a prediction. either one of them get elected,e are going to find ourselves with a heightened police state. we're going to find ourselves in a state of continued military intervention that has resulted in hundreds of millions of enemies to this country that but for those military interventions would otherwise not exist. and that we find ourselves in a continued state of spending, and debt that are absolutely not sustainable. my prediction. melissa: we know that from polls that you trail both candidates by a pretty wide mar
the third voice, hey, let's eliminate income tax, corporate tax. let's abolish the irs. let's replace all of that with a one federal consumption tax. i am embracing the fair tax, which think is really the answer to american jobs, in a 0 corporate tax rate environment. i say the private sector creates tens of millions of jobs. melissa: we know what you would bring to the table. can you handicap for us what you think the other two guys are going to do tomorrow night? who has got the strength? who...
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get the tax cuts out there. i want the tax cuts. >> we were just talking to john taylor. i asked whether or not he believed romney was being specific enough about the economic plan because thought is the knock he has been getting and professor taylor said he has been extremely specific. do you think this campaign can gain traction and win this thing if they believe they are specific enough with their plans. >> john taylor is a great american and one of my heroes and mentors. i don't think they are quite as specific as they could. you know how to sell something. you want to sell something. if one of your great panelists has a stock or a position or an idea you got to sell it. not just once. you don't whisper it. covering several shows. you have to sell the thing. second point talk about middle class take home pay going up. joe biden was up. the middle class income has been buried. and third here is the tricky point. i don't want to see the tax deductions taken away from the middle class. i want it removed for the upper income people because they are going for 35 to 28%. th
get the tax cuts out there. i want the tax cuts. >> we were just talking to john taylor. i asked whether or not he believed romney was being specific enough about the economic plan because thought is the knock he has been getting and professor taylor said he has been extremely specific. do you think this campaign can gain traction and win this thing if they believe they are specific enough with their plans. >> john taylor is a great american and one of my heroes and mentors. i don't...
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and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing and restore security for hardworking americans. that's what people are going to be listening for. that's the debate that you deserve. >> that's the debate voters deserve. and on wednesday night, they won't be distracted by any zingers cooked up by romney's team of joke writers. joining me now is michelle cottle, washington correspondent for "newsweek" and the daily beast. and dana milbank, columnist for "the washington post." thanks to you both for coming on tonight. dana, are zingers the answer for mitt romney? >> well, he has to beware the very perilous boomerang zinger. delivering
and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to...
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we might see a doubling or more of the tax rate on dividends. might that not hurt the dividend stocks? >> great question. a couple things we look for once we have these fundamental requirements met is specifically requiring that the price is up trending to better refine purchase decisions and at the same time provide potential outlets of discipline in the event of the market turns against us and we could see a lot of volatility later in the year in fiscal disfunction remains on going. it is the concern of a lot of business owners and job creators and certainly something to keep our eyes on. dave: a lot more coming. good to see you both. thank you. appreciate it. even a liberal economist calling today's jobs numbers a statistical fluke. dean baker, co-director of the center for economic policy research getting a lot of press for put in cold water on these numbers. drink up spiritsmaker constellation brand. they're stocking a new all-time high following its earnings release. the good times keep flowing. the ceo joining us straight ahead. we are he
we might see a doubling or more of the tax rate on dividends. might that not hurt the dividend stocks? >> great question. a couple things we look for once we have these fundamental requirements met is specifically requiring that the price is up trending to better refine purchase decisions and at the same time provide potential outlets of discipline in the event of the market turns against us and we could see a lot of volatility later in the year in fiscal disfunction remains on going. it...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ ♪ [ male announcer ] introducing a reason...to look twice. introducing a stunning work of technology -- the entirely new lexus es. and the first-ever es hybrid. this is the pursuit of perfection. >>> we have got lots of sunshine today for a stock off nearly 70% year-to-date. talking about spectrum brands, very fitting name for sunshine. shares of the consumer products company soaring about 12%, in a deal to buy the hardware and home improvement group of stanley black & decker. the price tag? $1.4 billion in cash. >>> netflix had a rather amazing month, up about 18%. but it is our disaster du jour, which is redundant, a day after getting an upgrade, bank of america merrill lynch downgrades with as 72 target price a company called consumer edge commenting saying membership lovers -- membership number
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ ♪ [ male announcer ] introducing a reason...to look twice. introducing a stunning work of technology -- the entirely new lexus es. and the first-ever es hybrid. this is the pursuit of perfection. >>>...
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you cannot cut taxes by $5 trillion as he's doing and simply say, oh, i don't have that tax cut. i'm not going to cut taxes for the wealthy when the average high-income earner is going to get a $250,000 tax cut. >> let me stop you right there because the romney campaign has a new ad just out on that point and say the president and his team are aligned when they call it a $5 trillion tax cut. >> president obama continues to distort mitt romney's economic plan. the latest, not telling the truth about mitt romney's tax plan. the ap says it doesn't add up. abc news, mostly fiction, even the obama campaign admitted it it wasn't true. >> well, okay, stipulated it won't be near $5 trillion. >> so does the campaign now accept that the cuts will be less than $5 trillion? >> no, absolutely not. i mean, look, if you're going to reduce the bush tax rates by 20% in the estate tax, in the amt, change the corporate rate and a whole host of other changes it epzs up in a reduction of revenue. the question for governor romney is what loopholes will you close supposedly to make up for that revenue
you cannot cut taxes by $5 trillion as he's doing and simply say, oh, i don't have that tax cut. i'm not going to cut taxes for the wealthy when the average high-income earner is going to get a $250,000 tax cut. >> let me stop you right there because the romney campaign has a new ad just out on that point and say the president and his team are aligned when they call it a $5 trillion tax cut. >> president obama continues to distort mitt romney's economic plan. the latest, not telling...
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keep in mind on the ballot this fall, over 200 local tax hikes and governor has a $50 billion tax hike. state want to make surehis consumers know and voters know they're doing all they can to cut back on gas price. >> oh, my gosh. they're not doing all they can. get rid of this once and for you will. aaron, i love you. thanks for coming on. i'm a long time california native. i grew up there. i moved back there. i know all about the state. i'm criticizing my own folks. thanks for coming on. i appreciate it. >> i understand. okay, thank you. melissa: time now for today's energy report. breaking down the biggest headlines affecting industry and impacting the economy. first up, the u.s. supreme court will not hear chevron's appeal over damage claims in ecuador. amazon rainforest residents won a $18 billion judgement from ecuador court in 2011. chevron's subsidy, texaco was accused of committing environmental damage over an 18-year period. >>> clean energy investments dropped 20% in the third quarter compared to the same period last year. a new study says the industry is on pays for its fir
keep in mind on the ballot this fall, over 200 local tax hikes and governor has a $50 billion tax hike. state want to make surehis consumers know and voters know they're doing all they can to cut back on gas price. >> oh, my gosh. they're not doing all they can. get rid of this once and for you will. aaron, i love you. thanks for coming on. i'm a long time california native. i grew up there. i moved back there. i know all about the state. i'm criticizing my own folks. thanks for coming...
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but in this case on the tax plan, not so much obama care and other things, it did. was it played in the clips? >> it was. >> very little. >> there was a misperception on the argument over taxes. if you watched mitt romney over the campaign, he has argue head will cut everyone's tack bus not change the shiefr the burden that the wealthy will pay. now, that may turn out to be true or not if he's ever elect and goes to congress with a plan. but he did not change his plan the night of the debate. what he tried to do finally in then tire campaign is rebut the very effective obama argument that he's cutting taxes for the wealthy and sticking the middle class with a tab. it's not something the republicans believe is true. >> the key word was share, the share was taxes that the wealthy will pay. and so i was surprised the president didn't go after that too. >> is it simply that -- i've seen 20 times that. is it the other stuff, the stuff we're talking about here, the stuff that's considered too boring? >> yes, absolutely. yes. that sflies that depresses me. >> would that jo
but in this case on the tax plan, not so much obama care and other things, it did. was it played in the clips? >> it was. >> very little. >> there was a misperception on the argument over taxes. if you watched mitt romney over the campaign, he has argue head will cut everyone's tack bus not change the shiefr the burden that the wealthy will pay. now, that may turn out to be true or not if he's ever elect and goes to congress with a plan. but he did not change his plan the...
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how in lord's name can they justify raising their taxes with these tax cuts? >> two questions, is there more pressure on the vice president now to be aggressive coming off the president's debate, and are you worried about gaffes like that? >> well, look, i don't think that was a gaffe, george. i think what the vice president was talking about is what he's talked about every day, which is a series of eight years of -- >> he said they were buried the last four years. >> well, we've been digging out for what was an avalanche of bad economic decisions over the past eight years during the bush administration, and what mitt romney and paul ryan want to do is take us back to that exact same failed economic theory, talk down tax cuts, eviscerating the investments we know we need to grow our economy from the middle out rather than from the top down. look, i know vice president biden. i know he's looking forward to having a spirited exchange about ideas. i simply hope this, i hope what paul ryan does is something fundamentally different than what mitt romney does, and t
how in lord's name can they justify raising their taxes with these tax cuts? >> two questions, is there more pressure on the vice president now to be aggressive coming off the president's debate, and are you worried about gaffes like that? >> well, look, i don't think that was a gaffe, george. i think what the vice president was talking about is what he's talked about every day, which is a series of eight years of -- >> he said they were buried the last four years. >>...
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i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you did say he was fundamentally dishonest after debating him in the primaries. this is not a new attack against romney policy. >> no. and i think that the challenge for the obama people is pretty simple. the president of the united states had 90 minutes. now, if he had done his homework and actually prepared, if he had actually studied romney, why didn't he say it? why didn't he take romney head on? first of all, the charges on the tax cuts are plain wrong, and i think virtually every analyst has said and even your deputy campaign manager said the charges made are wrong. but forgetting tha
i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you...
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you'll obviously have to pay your taxes and fees which as we well know, sometimes can be more in total than the price of the ticket itself by the time you pay maybe $100 at the gate for checking in your bag, plus various other things like a sandwich. >> is that vote for people you don't want to win? because if your candidate loses -- >> if the other guy wins -- if i'm a huge obama supporter, romney wins, i might be eligible to -- >> i think at the end of the day, it is supposed to be fun. >> let me correct you. there is nothing about flying that is fun especially when you're over 5'0" tall. or $6 6'0". >>> pretty remarkable run in the home builder stocks today, mandy. "wall street journal" article discussing the dampened momentum in the apartment rental market may be partly a function of the rebound that we're seeing in housing demands. that's the silver lining to the story. take a look at some of those home builder stocks moving higher today. >> cool. seema, thank you. >>> we've got a great feel-good story about a guy's amazing second chance in the show. that's coming up next in the s
you'll obviously have to pay your taxes and fees which as we well know, sometimes can be more in total than the price of the ticket itself by the time you pay maybe $100 at the gate for checking in your bag, plus various other things like a sandwich. >> is that vote for people you don't want to win? because if your candidate loses -- >> if the other guy wins -- if i'm a huge obama supporter, romney wins, i might be eligible to -- >> i think at the end of the day, it is...
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is this a buy and do you think the mlp distributions will be taxed if the tax credits expire in 2013? >> i'm going to take them backwards. i think the tax credit is going to be fine. enterprise partners is terrific. and i'm torn playing hernandez. let's go to vince in california. vince? >> caller: boo-yah, cramer. >> boo-yah. >> caller: talk to me about uhn? >> i have to tell you, i believe in this company. i think it's one of the best. i also want to reiterate that i think that the health care reits represent the best value right now in the real estate investment trust group. may i just mention one second, hcn, i think that stock is still cheap at $59. i want to go to jack in pennsylvania. jack? >> caller: good afternoon, jim. this is jack from bucks county, pennsylvania, calling. i'm interested in wprt, westport innovations. i bought it maybe six months ago and have seen it go from approximately $18 to $50, back down to the high 20s or so. >> speculative situation. recommended today by a major firm. this is a company that makes natural gas engines for trucks and railroads. i believe
is this a buy and do you think the mlp distributions will be taxed if the tax credits expire in 2013? >> i'm going to take them backwards. i think the tax credit is going to be fine. enterprise partners is terrific. and i'm torn playing hernandez. let's go to vince in california. vince? >> caller: boo-yah, cramer. >> boo-yah. >> caller: talk to me about uhn? >> i have to tell you, i believe in this company. i think it's one of the best. i also want to reiterate...
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they get jobs, they get tax revenue and they have a casino on a property that was actually abandoned. the question we want to ask on "fast money," what's in it for pen national gaming, ticker pnn. they had had to pay a $50 million license fee. $400 million to get in here. 53% of their revenues, that's their tax rate, yet they're here and they're happy about it. >> we think we're going to make a nice living here in central ohio. as i said before, there are only two casinos here serving 1.5 million people. as we look at the metrics and do the market analysis, we think this is going to be a very good return for our shareholders. >> reporter: this is the third ohio casino open in the last year. penn owns one, caesars owns another and will open one in cincinnati next spring. pen market cap around $3 billion. czr, one-third of that size. they're obviously competing for these non-traditional markets in this country. if you think vegas and macao are positive trades, take a look. there's valley technologies and wms industries, third is aristocrat out of australia. he he said that space is so c
they get jobs, they get tax revenue and they have a casino on a property that was actually abandoned. the question we want to ask on "fast money," what's in it for pen national gaming, ticker pnn. they had had to pay a $50 million license fee. $400 million to get in here. 53% of their revenues, that's their tax rate, yet they're here and they're happy about it. >> we think we're going to make a nice living here in central ohio. as i said before, there are only two casinos here...
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last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those comments yesterday while campaigning in north carolina. and right after that, the romney campaign jumped all over those remarks. in fact, they put together a conference call to draw attention to that. the obama campaign fighting back saying that's an act of desperation and what the vice president was talking about is that there was this climate over the last four years that were created by decisions that were made in the previous administration. and so, again, they don't see it as a distraction, but i wouldn't be surprised if it didn't come up tonight. >> all right, dan lothian, live for us in denver, a long day
last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those...
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cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the only candidate in this race who has a record of showing he knows as an executive how to forge bipartisan compromise. as the governor of massachusetts, over 85% of his legislature democrats, he made things happen. and he will make things happen as president of the united states. and will forge the right type of compromise to get this done. and that's the way it's going to work. >> do you think that this governor romney should be in a situation where he's actually prepared to deal with revenue, to raise revenue, go against his party if it's part of a package
cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the...